FAMILY SERVICE NETWORK OF NEW YORK (EIN 112592651) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

BENJAMIN IGWE

Phone

7184556010

Tax Period

2024-07-01 to 2025-06-30

FAMILY SERVICE NETWORK OF NEW YORK, founded in 1981, is a community nonprofit in the Human Services sector that reported $8.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SERVICES TO INDIVIDUALS AND FAMILIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,529,024

Program Service Revenue $660,253

Investment Income $0

Other Revenue $50,010

TOTAL REVENUE $8,239,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,289,874

Fundraising Expenses $0

Program Expenses $7,296,298

Other Expenses $2,766,551

TOTAL EXPENSES $8,056,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,239,287	$8,132,950	+0.0%
Expenses	$8,056,425	$7,284,231	+0.1%
Net Income	$182,862	$848,719	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL SALTER	MEMBER	1.00	Director	$0	$0	$0
RONALEE HODGE	CHAIRPERSON	1.00	Director	$0	$0	$0
RAFAEL AGUERO	TREASURER	1.00	Director	$0	$0	$0
SHEVORNE MARTIN	MEMBER	1.00	Director	$0	$0	$0
DR KELVIN JACK	MEMBER	1.00	Director	$0	$0	$0
DAPHNE SCOTT	MEMBER	1.00	Director	$0	$0	$0
BENJAMIN IGWE	PRESIDENT CEO	50.00	Officer	$0	$0	$0
PRESTON ELLIOTT	FISCAL DIRECTOR	50.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$8,239,287	$8,056,425	$4,740,025	$182,862
2024	No data	No data	No data	No data
2023	$7,287,511	$6,875,820	$3,247,241	$411,691
2022	$6,163,596	$6,837,989	$2,967,946	$-674,393
2021	$6,752,073	$7,044,399	$3,669,684	$-292,326

FAMILY SERVICE NETWORK OF NEW YORK